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Thames Water implements hosepipe ban following consecutive heatwaves
BBC NewsLO·GB·about 9 hours ago
A consortium of Thames Water creditors has offered the UK government a 'golden share' to grant veto power over major corporate decisions and hostile takeovers. This proposal aims to preempt potential nationalization of the utility provider amid mounting political pressure for increased public oversight and accountability.
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Thames Water lenders have proposed an equity restructuring, including a 'golden share' for the UK government, to prevent nationalization amid severe financial instability. This proposal aims to maintain private ownership while granting the government veto power over major corporate decisions. The government's response to this compromise remains uncertain.